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Thread: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To 6.1

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by CanadaJohn View Post
    Aside from the monthly up and down game of new jobs and unemployment rate, the serious concern for me, and we have a similar problem in Canada but not nearly as bad, is the continued drop in the participation rate which bodes ill for sustainability of the social safety net relied upon by seniors. It's one reason why Canada welcomes upwards of 250,000 new economically contributing immigrants each year and why countries like Japan, with their laws against non-ethnic Japanese immigration, are going down the road towards serious economic stagnation and difficulty.
    Dead on.

    And we love our "bright collar" tech-sector geniuses. I seriously doubt Canada's health care system could survive without well trained Asians, Filipinos, Indians, and Africans.
    ""You know, when we sell to other countries, even if they're allies -- you never know about an ally. An ally can turn."
    Donald Trump, 11/23/17

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by DA60 View Post
    'The Bureau of Labor Statistics released a significantly weaker than expected August jobs report Friday morning.

    Employers added just 142,000 jobs last month, sharply lower than the 225,000 economists were anticipating and the smallest monthly gain of 2014. The unemployment rate, which is drawn from a different survey of households, dropped from 6.2% to 6.1%.

    The July payroll number was revised up from plus 209,000 jobs to plus 212,000 but June’s count was revised down from 298,000 jobs added to 267,000. Total employment gains those months were therefore 28,000 lower than what BLS — a division of the Department of Labor — previously reported. Job growth has averaged 212,000 for the last twelve months.'


    Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To 6.1% - Forbes


    BTW, the unemployment rate dropped principally because the labor force participation rate dropped...again.


    Wait, I am very confused here.

    Whenever I mention the ill-state of the US economy, I get angry replies telling me the economy under Obama is better than ever and, well, he's fixed all that and anyway we are saved through Obamacare.

    I am not a whiz at economics, but it strikes me that in a consumer society you need consumers to keep the whole thing going. If people don't have jobs, how do they have money to consume those Chinese made products?

    Can someone explain to me how Obama has single handedly overcome a fundamental economic rule?
    ""You know, when we sell to other countries, even if they're allies -- you never know about an ally. An ally can turn."
    Donald Trump, 11/23/17

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by Fearandloathing View Post
    Wait, I am very confused here.

    Whenever I mention the ill-state of the US economy, I get angry replies telling me the economy under Obama is better than ever and, well, he's fixed all that and anyway we are saved through Obamacare.

    I am not a whiz at economics, but it strikes me that in a consumer society you need consumers to keep the whole thing going. If people don't have jobs, how do they have money to consume those Chinese made products?

    Can someone explain to me how Obama has single handedly overcome a fundamental economic rule?
    Yawn, start with a false premise, throw in some economic ignorance and end with a rhetorical question.

    Cute.

    Hint: Since just about all monetary solutions have been applied, what fiscal solutions do you think the President could get through Congress that would have a real positive effect?
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by jmotivator View Post
    Rule of thumb in the current job market: When you see the Unemployment rate (UR) change look first at the participation rate (PR) for the explanation. If PR magnitude and direct match UR then most of the UR change is likely just the PR change.
    What the masses don't seem to realize is that you can theoretically have an unemployment rate of zero and have no more people employed then there are now.

    It's government creative math, IMO.

    Find ways to legally not count the unemployed and you magically lower the unemployment rate without anyone actually finding new jobs.

    That is why I believe that the U-6 is a FAR more accurate measurement of the U.S. national employment situation then the U-3 (btw, the U-6 is currently 12.0%).

    http://www.bls.gov/news.release/empsit.t15.htm

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by DA60 View Post
    What the masses don't seem to realize is that you can theoretically have an unemployment rate of zero and have no more people employed then there are now.

    It's government creative math, IMO.

    Find ways to legally not count the unemployed and you magically lower the unemployment rate without anyone actually finding new jobs.

    That is why I believe that the U-6 is a FAR more accurate measurement of the U.S. national employment situation then the U-3 (btw, the U-6 is currently 12.0%).

    Table A-15. Alternative measures of labor underutilization
    Ok...you are not interested in discussing solutions......just want to discuss statistical manipulation.

    Sigh.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by Fearandloathing View Post
    Wait, I am very confused here.

    Whenever I mention the ill-state of the US economy, I get angry replies telling me the economy under Obama is better than ever and, well, he's fixed all that and anyway we are saved through Obamacare.
    The U.S. economy is better of now than when Obama was both elected and sworn in as President. Does this fact bother you in any way?

    I am not a whiz at economics, but it strikes me that in a consumer society you need consumers to keep the whole thing going. If people don't have jobs, how do they have money to consume those Chinese made products?
    You speak as though the U.S. economy has been losing jobs!



    Clearly this isn't the case. Does this bother you?

    Can someone explain to me how Obama has single handedly overcome a fundamental economic rule?
    Can someone explain exactly what it is you're trying to say?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by DA60 View Post
    What the masses don't seem to realize is that you can theoretically have an unemployment rate of zero and have no more people employed then there are now.

    It's government creative math, IMO.

    Find ways to legally not count the unemployed and you magically lower the unemployment rate without anyone actually finding new jobs.

    That is why I believe that the U-6 is a FAR more accurate measurement of the U.S. national employment situation then the U-3 (btw, the U-6 is currently 12.0%).

    Table A-15. Alternative measures of labor underutilization


    Yeah, thanks, but that's been evident to me since the 70's and this country's attempt to skew the numbers. I didn't even mention a zero rate but ask how Obama and co can claim all is well when there are the unemployed they admit and twice as many off the rolls
    ""You know, when we sell to other countries, even if they're allies -- you never know about an ally. An ally can turn."
    Donald Trump, 11/23/17

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by Fearandloathing View Post
    Wait, I am very confused here.

    Whenever I mention the ill-state of the US economy, I get angry replies telling me the economy under Obama is better than ever and, well, he's fixed all that and anyway we are saved through Obamacare.

    I am not a whiz at economics, but it strikes me that in a consumer society you need consumers to keep the whole thing going. If people don't have jobs, how do they have money to consume those Chinese made products?

    Can someone explain to me how Obama has single handedly overcome a fundamental economic rule?
    People as usual grossly overestimate what a president can do for the job market, especially when all possible initiatives are blocked by Congress. It's both unrealistic to praise the president for good job numbers as it is to bash him for bad job numbers.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by Fearandloathing View Post
    all is well
    False premise, can't discuss topics honestly.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  10. #20
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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by Kushinator View Post
    The U.S. economy is better of now than when Obama was both elected and sworn in as President. Does this fact bother you in any way?



    You speak as though the U.S. economy has been losing jobs!



    Clearly this isn't the case. Does this bother you?



    Can someone explain exactly what it is you're trying to say?


    Why always such attitude from Obamaland?

    I don't believe the graph any more than anything else to come out of this administration.

    And if you don't know what it is I am trying to say, don't expect "someone" to do your work for you.

    Thanks for playing but I am really tired of the attitude.
    ""You know, when we sell to other countries, even if they're allies -- you never know about an ally. An ally can turn."
    Donald Trump, 11/23/17

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